US shale oil hitting the skids, page-46

DSD,

I got caught out a bit buying into the short squeeze that saw WTI oil bounce 26% in the week ending 1 Sept 2015 with no lasting accompanying bounce in ASX oil and gas stocks (the market still owes me some from this event and I'm sure I'll get it back soon enough). The funds that are driving the ASX oil and gas sector are in no mood to buy yet. IMO we will have to wait for a more pivotal event to get those fund manager slow learners to turn the ship around. A good fast break above $50 for WTI would probably do the trick. Just need a bit of patience. It will come. Sentiment in the shale oil patch is turning down very fast now and it won't be long before the price of oil follows up. The narrative will change to suit the needs of the bankers.

Easiest play to read I have ever come across. Easiest money I will ever make.

Eshmun